(Wiley Finance) 1st Edition
by John H. Biggs (Author), Matthew P. Richardson (Author)
The future of the insurance regulation begins now
For
those involved with the insurance industry, from investment
professionals to policy makers, and regulators to legislators,
tremendous change is coming. With insurance premiums constituting an
ever-growing portion of annual U.S. GDP and provisions of the Dodd-Frank
Act specifically calling for modernization of insurance regulations,
the issues at hand are pervasive. In Modernizing Insurance Regulation,
these issues are described against a backdrop of the political and
industry discussions that surround insurance, regulation, and systemic
risk. Experts Viral V. Acharya and Matthew Richardson discuss a variety
of issues with top thinkers in the fields of finance, derivatives,
credit risk, and banking to bring to light the most germane elements of
this ongoing discussion.
In Modernizing Insurance Regulation,
Acharya and Richardson call on the expertise of all the relevant
stakeholders within government, academia, and industry to offer a
well-rounded and independent view of insurance regulation and how the
evolution of this key industry affects the U.S. economy now and in the
future.
- Provides an overview of the feasibility of maintaining a state-level regulatory structure
- Offers a view of the issues from top academics, industry leaders, and state regulators
- Explores the debate surrounding the insurance industry and systemic risk
- Provides an in-depth look at upcoming changes under the Dodd-Frank Act
Modernizing Insurance Regulation
provides a look into the crucial changes coming to insurance regulation
and an overview of how those changes will affect almost everyone.
